2024-06-21 16:00:15 ET
Summary
- The Boeing Company has faced serious issues in the past decade, lagging Airbus by over 90 points.
- Spirit AeroSystems, a major aerospace supplier, has been impacted by Boeing's troubles, as it is partially to blame - and is bearing the consequences.
- Airbus is in talks to potentially acquire parts of Spirit AeroSystems, which could lead to a Boeing acquisition.
Introduction
I don't think I'm surprising anyone when I say that The Boeing Company ( BA ) has some serious issues. Over the past ten years, the giant has returned just 34%, lagging its European peer Airbus SE ( EADSF ) by more than 90 points.
Essentially, things went horribly wrong when it started to encounter 737 Max quality issues, which were the start of a series of horrible headlines, including an Alaska Airlines ( ALK ) 737 that lost a door mid-flight....
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For further details see:
Investors Take Note, Spirit AeroSystems Could Be Close To A Game-Changing Deal